In QuickBooks
Getting started in
QuickBooks varies, depending on
version. If you are new to QuickBooks,
reading this section through, before
starting, will save confusion.
QuickBooks 5 added the QuickBooks Navigator XE "QuickBooks Navigator" XE "Navigator:QuickBooks" , which is a set of on-screen roadmaps to many of the functions of QuickBooks. The new user can find things easily, without having to know which menu to drop. However, the Navigator will not set up a new company. If it is displayed, please turn it off, by clicking the
X
in the upper-right corner. We can turn it back on, after setting up the company.
In the menu bar, click on
File, then New Company,
as described in Chapter 23 (for Windows 95) or Chapter 24 (Windows 3.x.) (Older versions of QuickBooks may require you to click on
Close Company,
and then start a new company.) Quickbooks 4.0 added an excellent system called
EasyStep Interview
to guide you through setting up a company. The name, and a little more information, must go in through the Interview. All of the other information can come through the Interview, if you wish, or by calling menu headings.
The Interview is very well
thought-out and convenient. It may be
used for a wide scope of entry, but
receivable, payables, and bank accounts are
better entered by selecting these functions
from the menu bar. This is even more
true of employees and payroll, for reasons
that will be apparent in reading those
chapters.
Early in the Interview,
the company file name will be set up.
The program will suggest a file name, which
you may accept or change. A file name
may be one through eight
characters. Upper and lower case are
taken as the same. You may use the
letters A-Z, numerals 0-9, and any
of _ @ # $
~ and some other special characters
listed in the MS DOS manual under “filename
conventions.” The hyphen ( - ) can be
used, but causes trouble as the first
character of a file name. Specifically
excluded are comma, space, and ( + ) plus
sign. Exactly one period will be in the
file name, between the basic file name and
the suffix, which is .qbw
after the file name. We CAN’T put “.qbw” at the end of a sentence, because another period would be confusing.
A starting date is also
required. It may be entered in the form
of 6/21/98 or 062198. QuickBooks uses
the “short date” format, set up in Windows
Control Panel, International or Regional
settings.
NOTE
When you open an existing company file in Quickbooks for Windows, only the file name will be available, not the company name. Consider this when setting up file names.
After the file name is
entered, the mouse pointer becomes an hour
glass, telling you to wait (but despite being
an “hour” glass, it will not be that
long.) The hard drive will be busy for
a few seconds, setting up the company file.
The Interview XE "interview" breaks XE "easystep interview" software tradition. After the file name is entered and the file set up, you can safely leave the Interview. You can start again, taking up where you left off. To return, select
File|EasyStep Interview or
Help|EasyStep Interview
, depending on version.
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The interview will ask about your line of business, and then offer to print some special information, and that is a
good idea. The printing should be through your default Windows printer, if that is set up. (This information can
be read or printed later, by selecting
Help|QuickBooks and Your Industry.
) The line of business entry will
also result in the offering of a listing of income and expense accounts (not balance sheet accounts.) You can
accept the list, or enter your own, account by account. Should you accept the list offered, you can edit it later,
but before you enter any transactions, including opening balances. After transactions are entered, you can add
or rename accounts, but deletion of accounts may prove to be quite a bother.
Most of the actions in the interview can be changed later. The specific company information is found under
File|Company Info
or in the Navigator, on the Company
tab. The exception is the file name, which can be
changed only outside of QuickBooks, by the operating system.
TheGeneral
group should be completed before starting other topics, and you will be reminded of this, several
times. Assuming you have been good and have carefully completed the
General group, just click Next
on those reminders, and go on.
Bank accounts should be launched with some care, as should Receivables and Payables. The term “launch”
may sound a bit literary, but it does apply. If the bank account is started with exactly correct information, it
will continue with computer precision. If you have balances due from customers or balances due to vendors,
the same applies. Later chapters tell how to start these accounts so they will not baffle you, but work for you.
They are probably better done directly in those accounts, rather than the interview.
Employees and payroll information also do well with direct entry. The Building Blocks chapter describes a
specific and useful means for setting up these records.
Older versions
require essentially the same information, which may be entered using standard procedures for
navigating in Windows. Some of the information simply is not handled by the older versions. Versions 2.0 and
3.0 do not have integral payroll, but use the auxiliary QuickPay program. Most users with version 3.0
probably know how to set up a company. Users with version 2 would be well advised to upgrade. It was
actually the first Windows version, and some experienced cynics recommend avoiding the first version of any
program. This idea is supported by the author’s contact with numerous programs.
With the interview completed, your company file has been set up. Chapter 4 builds the Chart of Accounts as
the framework of your accounting system. The remainder of this chapter is a collection of facts, all useful, but
not really large enough for a separate chapter.
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